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759
modified rates of toll, and so adjust them as to promote the
agricultural interests of the State; they shall report to the
General Assembly at each regular Session, and recommend
such legislation as they may deem necessary and requisite to
promote or protect the interests of the State in the said Pub-
lic Works; they shall perform such other duties as may be
hereafter prescribed by Law; and a majority of them shall
be competent to act. The Governor, Comptroller and Treas-
urer, shall receive no additional salary lor services rendered
by them as members of the Board of Public Works. The
provisions of the Act of the General Assembly of Maryland,
of the year eighteen hundred and sixty-seven, Chapter 359,
are hereby declared null and void.
Sec. 3. The Board of Public Works is hereby authorized to
exchange the State's interest, as Stockholder and Creditor
in the Baltimore and Ohio Railroad Company for an equal
amount of the Bonds, or Registered Debt now owing by the
State, to the extent only of all the preferred stock of the
State, on which the State is entitled to only six per cent,
interest, provided, such exchange shall not be made at less
than par, nor less than the market value of said stock; and
the said Board is authorized, subject to such regulations and
conditions as the General Assembly may, from time to time,
prescribe, to sell the State's interest in the other Works of
internal Improvement, whether as a Stockholder or a Credi-
tor, and also the State's interest in any Banking Corpora-
tion, receiving in payment the Bonds and Registered Debt
now owing by the State, equal in amount to the price obtained
for the State's said interebt; provided, that the interest oi
the State in the Washington Branch oi the Baltimore and
Ohio Railroad be reserved and excepted from sale; and pro-
vided further, that no sale, or contract of sale of the State's
interest in the Chesapeake and Ohio Canal, the Chesapeake and
Delaware Canal, and the Susquehanna and Tide-Water Canal
Companies shall go into effect until the same shall be ratified
by the ensuing General Assembly.
ARTICLE XIII,
NEW COUNTIES.
Section 1. The General Assembly may provide by Law
for organizing New Counties, locating and removing County
seats, and changing County lines; but no New County shall
be organized without the consent of the majority of the legal
voters residing within the limits proposed to be formed into
said New County; and whenever a New County shall be pro-
posed to be formed out of portions of two or more Counties,
the consent of a majority of the legal voters of such part of
each of said Counties, respectively, shall be required; nor
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